Bright Star Future Foundation
- Assets
- $484.6k
- Revenue
- $118.8k
- Investments
- $375.9k
- Employees
- 0
- Location
- Fullerton, CA
- Founding
- 03/2017
- Data as of
- 12/2022
- EIN
- 81-4426678
Organization Overview
Bright Star Future Foundation is located in Fullerton, CA. The organization was established in 2017. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bright Star Future Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Bright Star Future Foundation generated $118.8k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 47.4% each year . All expenses for the organization totaled $14.3k during the year ending 12/2022. While expenses have increased by 31.0% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $100,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $23,139 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$4,369 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $118,770 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $209 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $2,667 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $3,876 |
| Contributions, gifts, grants paid | $10,473 |
| Total expenses and disbursements | $14,349 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $108,751 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $375,876 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $484,627 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Bright Star Future Foundation has awarded $10,473 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
ST THOMAS KOREAN CATHOLIC CENTER PURPOSE: RELIGIOUS | $3,800 |
OKTA LA PURPOSE: PROMOTING ECONOMIC GROWTH OF KOREAN COMMUNITY | $750 |
DISABLED VETERAN FOUNDATION PURPOSE: SUPPORT FOR VETERANS | $1,000 |
GLOBAL FUND FOR WOMAN PURPOSE: SUPPORT FOR WOMEN | $1,000 |
LA WOORI BROADCATING PURPOSE: SPONSORING CHARITY EVENT FOR FAMILIES IN POVERTY | $1,000 |
GYEONGUK KIM PURPOSE: SCHOLARSHIP | $2,923 |